Senate Doubles Down on Tax Provisions That Would Harm Renewable Energy

“It would pretty much blow up the tax equity market for wind.”

"In the early hours of Saturday morning, Republicans voted 51-49 to approve their overhaul tax bill, the biggest change to U.S. tax law in decades.Edit summary

It has critical implications for renewable energy.

“If this bill were to be enacted exactly as written in the Senate, it would have extremely negative consequences for renewable energy investment and job creation in the United States,” said Greg Wetstone, CEO at the American Council on Renewable Energy (ACORE). “Suddenly credits that had substantial value would face an environment where they have little if any value at all.”"

Emma Foehringer Merchant reports for Greentech Media December 04, 2017.


"Tax Bill Impact: What Happens to Renewable Energy?" (InsideClimate News)

"Wind Could See Retroactive Tax Hike Under Senate Plan" (ClimateWire)

Source: Greentech Media, 12/06/2017